> We actually have some pretty good regulations in place. That's only if your basic view of the financial markets is of something legitimate and socially bene

> We actually have some pretty good regulations in place. That's only if your basic view of the financial markets is of something legitimate and socially beneficial. I would say that is mostly not the case; and in the past, the US government at times needed to recognize this at least partly, on pain of mass upheaval and system collapse, putting stronger regulation in place, e.g.: https://www.federalreservehistory.org/essays/glass-steagall-act https://www.federalreservehistory.org/essays/glass-steagall-... (which isn't that strong either) This is all before the complex derivative markets formed which gave rise to the 2008 crash. The housing situation in the US even now seems rather tenuous and volatile, whether through some financial crash or a different form of crisis: https://slate.com/business/2021/06/blackrock-invitation-houses-investment-firms-real-estate.html https://slate.com/business/2021/06/blackrock-invitation-hous...